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Guideline Value

Corporate

Guideline Value for Rajarathinam Nagar K Block 4th Lane

₹1900/sq.ft.

The guideline value for Rajarathinam Nagar K Block 4th Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajarathinam Nagar K Block 4th Lane

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Rajarathinam Nagar K Block 4th Lane guideline value

The current guideline value of Rajarathinam Nagar K Block 4th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Rajarathinam Nagar K Block 4th Lane has changed

The guideline value for Rajarathinam Nagar K Block 4th Lane has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which decreased to Rs 1,206 per sq.ft in the 2017 revision. However, the latest revision in 2024 has increased the guideline value to Rs 1,900 per sq.ft, marking a significant rise of 58% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 6%.

It is important to note that there are no figures available for the revisions in 2023, 2007, 2003, and 2002 for this street. The changes between the revisions highlight a fluctuation, especially between 2012 and 2017, where the value decreased by 33% before rising again in 2024.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Rajarathinam Nagar K Block 4th Lane is below this median.

Stamp duty and registration fee for property in Rajarathinam Nagar K Block 4th Lane

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Rajarathinam Nagar K Block 4th Lane?

The Sub Registrar Office that covers Rajarathinam Nagar K Block 4th Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is a critical factor when registering property transactions in Kodungaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is legally recognized and recorded.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations during the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Rajarathinam Nagar K Block 4th Lane?

The current guideline value of Rajarathinam Nagar K Block 4th Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024. Overall, there has been a 6% increase from 2012 to 2024.

What is the land classification for Rajarathinam Nagar K Block 4th Lane?

Rajarathinam Nagar K Block 4th Lane is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

What is the stamp duty for property in Rajarathinam Nagar K Block 4th Lane?

The stamp duty for property in Rajarathinam Nagar K Block 4th Lane is 7% of the guideline value. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 1,33,000.

Which office handles property registrations in Kodungaiyur?

The Madhavaram Sub Registrar Office handles property registrations in Kodungaiyur. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.